Introducing Mines of Dalarnia (DAR) on Binance Launchpool! Farm DAR By Staking BNB and BUSD | News Oct 28
Announcement from Binance.com
Users will be able to stake their BNB and BUSD into separate pools to farm DAR tokens over 30 days, with farming starting from 2021-10-29 00:00 AM (UTC).
Binance will then list DAR into the innovation zone at 2021-11-04 08:00 AM (UTC) and open trading with DAR/BTC, DAR/BNB, DAR/BUSD and DAR/USDT trading pairs.
DAR Launchpool Details:
- Token Name: Mines of Dalarnia (DAR)
- Maximum token supply: 800,000,000 DAR
- Launchpool token rewards: 24,000,000 DAR (3% of maximum token supply)
- Initial Circulating Supply: 123,200,000 DAR (15.4% of maximum token supply)
- Smart Contract Address: DAR (ERC-20); DAR (BEP-20)
- Staking Terms: No upper limit. KYC required
Supported Pools:
- Stake BNB: 19,200,000 DAR in rewards (80%)
- Stake BUSD: 4,800,000 DAR in rewards (20%)
- Farming Period: 2021-10-29 00:00 AM (UTC) to 2021-11-27 11:59 PM (UTC).
DAR Farming Distribution
| Dates (00:00:00 – 23:59:59 UTC each day) | Total Daily Rewards (DAR) | BNB Pool Daily Rewards (DAR) | BUSD Pool Daily Rewards (DAR) |
| 2021-10-29 – 2021-11-03 | 2,000,000 | 1,600,000 | 400,000 |
| 2021-11-04 – 2021-11-27 | 500,000 | 400,000 | 100,000 |
Please note:
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Project Links
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2021-10-28
Find us on
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
https://www.binance.com/en/support/announcement/28c68286fe9340cd97740774b4e13af9
Author
Analysis
Introducing Mines of Dalarnia (DAR) on Binance Launchpool! Farm DAR By Staking BNB and BUSD | News Oct 28
Announcement from Binance.com
Users will be able to stake their BNB and BUSD into separate pools to farm DAR tokens over 30 days, with farming starting from 2021-10-29 00:00 AM (UTC).
Binance will then list DAR into the innovation zone at 2021-11-04 08:00 AM (UTC) and open trading with DAR/BTC, DAR/BNB, DAR/BUSD and DAR/USDT trading pairs.
DAR Launchpool Details:
- Token Name: Mines of Dalarnia (DAR)
- Maximum token supply: 800,000,000 DAR
- Launchpool token rewards: 24,000,000 DAR (3% of maximum token supply)
- Initial Circulating Supply: 123,200,000 DAR (15.4% of maximum token supply)
- Smart Contract Address: DAR (ERC-20); DAR (BEP-20)
- Staking Terms: No upper limit. KYC required
Supported Pools:
- Stake BNB: 19,200,000 DAR in rewards (80%)
- Stake BUSD: 4,800,000 DAR in rewards (20%)
- Farming Period: 2021-10-29 00:00 AM (UTC) to 2021-11-27 11:59 PM (UTC).
DAR Farming Distribution
| Dates (00:00:00 – 23:59:59 UTC each day) | Total Daily Rewards (DAR) | BNB Pool Daily Rewards (DAR) | BUSD Pool Daily Rewards (DAR) |
| 2021-10-29 – 2021-11-03 | 2,000,000 | 1,600,000 | 400,000 |
| 2021-11-04 – 2021-11-27 | 500,000 | 400,000 | 100,000 |
Please note:
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Project Links
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2021-10-28
Find us on
Â
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
https://www.binance.com/en/support/announcement/28c68286fe9340cd97740774b4e13af9
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